C_S4FCF_2023 TEST PRACTICE - C_S4FCF_2023 LATEST QUESTIONS

C_S4FCF_2023 Test Practice - C_S4FCF_2023 Latest Questions

C_S4FCF_2023 Test Practice - C_S4FCF_2023 Latest Questions

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SAP C_S4FCF_2023 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Integration Technology ALE: This part distinguishes Application Link Enabling (ALE) from Electronic Data Interchange (EDI), and defines concepts such as logical systems, message types, and distribution models.
Topic 2
  • Real-time Replication in Central Finance: In this domain, the focus is given to necessary prerequisites for implementing real-time replication, initiation of the replication process, methods for error correction, the functionality of document flow, and the capability to drill back from the target system to the source system.
Topic 3
  • Managing Clean Core: This area concentrates on the application of clean core principles to enhance business process agility, minimize adaptation efforts, and accelerate innovation within the system.
Topic 4
  • Central Finance Setup and Configuration: In this section of the exam, the focus is on configuring the scope of the initial load, setting currency decimal places, implementing Key and Value Mapping, and exploring Cost Object Mapping scenarios.
Topic 5
  • Run Phase in Central Finance: In this section, the candidates must have knowledge of different project phases, implementation of a pilot approach, management of organizational change, identification of stakeholders, critical success factors, and the design of an operational model: In this section, areas discussed include the centralization of finance operations, processes for intercompany reconciliation, management of open items, implementation of central payments, reporting for accounts receivable and payable, and integration with Credit Management.
Topic 6
  • System Integration Concepts: This part examines various technical communication modes, types of transfers, business scenarios, and the configuration of Remote Function Calls (RFC) between SAP and non-SAP systems.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition - Central Finance Sample Questions (Q74-Q79):

NEW QUESTION # 74
Which data is included in SAP Master Data Governance? Note: There are 2 correct answers to this question.

  • A. Bank data: banks house banks bank accounts
  • B. Material data: general data units of measure
  • C. Logistics data: sales orders plants organizational units such as sales purchase organization
  • D. Financials data: general ledger accounts profit centers cost centers

Answer: B,D


NEW QUESTION # 75
What are some of the advantages of using intercompany reconciliations in Central Finance?
Note: There are 2 correct answers to this question.

  • A. You can standardize payment processes.
  • B. You can eliminate long-running batch jobs for loading the data into Central Finance.
  • C. You can assign documents based on predefined customized rules.
  • D. You can manage intercompany reconciliation using alerts and analytics.

Answer: B,D

Explanation:
Detailed Explanation: Using alerts and analytics in Central Finance simplifies managing intercompany reconciliations, making it easier to resolve discrepancies in real time. Additionally, eliminating long-running batch jobs improves efficiency, as the reconciliation data is directly available without complex processing steps.


NEW QUESTION # 76
A customer is planning to deploy SAP Master Data Governance for a Central Finance landscape. What are the main considerations?
Note: There are 3 correct answers to this question.

  • A. The Central Finance system must query key value mapping information from the SAP Master Data Governance system.
  • B. SAP Master Data Governance is not mandatory for the Central Finance landscape.
  • C. SAP Master Data Governance as a master data hub has complete processes (governance and consolidation).
  • D. If SAP Master Data Governance is a standalone system, the source ERP system must query master data key mapping from the Central Finance system.
  • E. Master data is distributed via SAP Master Data Governance to source and target systems.

Answer: B,C,E

Explanation:
Detailed Explanation: When deploying SAP Master Data Governance (MDG) in a Central Finance landscape, key considerations include that master data is distributed to source and target systems, MDG functions as a complete master data hub with governance and consolidation processes, and it is not mandatory for every Central Finance implementation.


NEW QUESTION # 77
Which objects are included in SAP Master Data Governance consolidation?
Note: There are 2 correct answers to this question.

  • A. Company code
  • B. Material
  • C. Business partner
  • D. Plant

Answer: B,C

Explanation:
Detailed Explanation: SAP Master Data Governance consolidation includes objects such as Material and Business partner, which are critical for ensuring that master data across the organization is accurate and harmonized.


NEW QUESTION # 78
Which of the following functions are valid for initial load extraction of FI/CO postings?

  • A. Initial load can be executed only for specific company codes.
  • B. The target system controls the open items to be extracted from the source system.
  • C. The source system controls the period fiscal year for balance extraction document extraction.
  • D. Migration clearing accounts are maintained for reconciliation accounts.

Answer: C


NEW QUESTION # 79
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